Agricultural Gold Loan by Areekode Service Co-operative bank is provided for individual farmers to meet their short-term production/investment credit needs. This is an easy and hassle-free loan sanctioned under the guarantee of 22-carat gold pledged. The principal amount is sanctioned by analyzing the crop cultivated, the extent of land, and the scale of finance. The loan is granted for:
- Crop cultivation/production
- To meet everyday working capital requirements or post-harvest needs
- Annual maintenance of plantation/long-duration crops
- Purchase/Repair/Maintenence of farm machinery/ infrastructures
- Purchase of pesticides, fertilizers, seeds, etc…
- Repayment of loans taken from other non-financial organizations/lenders